XM
Xtrade
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Overview
XM was founded in 2009 and is headquartered in Cyprus, while Xtrade was established in 2003 and is based in Australia. XM holds licences including International Financial Services Commission(IFSC), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. XM serves 3,500,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $5 at XM and $1 at Xtrade.
| Feature | XM | Xtrade |
|---|---|---|
| Min. Deposit | $5 | $1 |
| Regulation | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2009 | 2003 |
| Country | Cyprus | Australia |
| Clients | 3,500,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between XM and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $5 at XM). Neither broker charges withdrawal fees. XM applies inactivity fees on dormant accounts; Xtrade does not. Xtrade charges deposit fees; XM does not. The two brokers are broadly comparable on fee structure.
| Feature | XM | Xtrade |
|---|---|---|
| Min. Deposit | $5 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
XM offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. XM supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | XM | Xtrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how XM and Xtrade compare. XM runs regular live webinars; Xtrade does not. XM has a video library; Xtrade does not. XM publishes daily market commentary; Xtrade does not. XM integrates third-party research tools (Trading Central); Xtrade does not. XM maintains an archive of past webinars for on-demand viewing. XM scores higher overall in education and research.
| Feature | XM | Xtrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. XM uniquely supports bank transfer and credit/debit card and Neteller among the two brokers. XM scores higher on deposit and withdrawal flexibility.
| Feature | XM | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | Yes | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both XM and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. XM offers multilingual support. Both brokers are comparable on support quality.
| Feature | XM | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | Not available |